VRG invests in 11 industrial parks on rubber land

According to Vietnam Rubber Industry Group (VRG), in addition to tapping latex and rubber products, wood processing, high-tech agricultural products, VRG also invests in 12 companies operating in industrial zone infrastructure (IZ).
These companies are investing and exploiting 16 IPs, of which 11 are built on rubber land (concentrated in Binh Duong, Binh Phuoc, Dong Nai, Tay Ninh and Hai Duong) with an area of ​​close proximity to 3,400 hectares, accounting for nearly 3% of the industrial parks nationwide.

Equity capital to invest in industrial zones is about 2,086 billion dong, in which, contributed capital of the Group and its member units is 1,118 billion dong (accounting for about 3% / charter capital of VRG).

By the end of 2020, the industrial park companies leased over 2,288 hectares, accounting for nearly 89.5% of the industrial area. In recent years, 12 companies have attracted more than 700 enterprises with investment capital of 9,119 million USD and 24,714 billion VND in industrial zones on rubber land, creating more than 260,000 jobs for workers in the province. The Southeast, including Dong Nai, Binh Duong, Binh Phuoc, and Tay Ninh, contributes significantly to the local budget where the industrial zones are located, as well as contributes to solving social security issues. In 2020, profit from the industrial zone infrastructure services sector accounts for 17% of the total profit after tax, reaching VND 5,230 billion of VRG.

In the period of 2021 – 2030, VRG plans to establish and expand 48 industrial zones, 28 industrial clusters with a total area of ​​39,177 ha (of which: industrial zone is 37,387 ha; industrial cluster is 1,789 ha) from conversion of rubber land. Particularly in 2021, VRG and its member units focus on completing investment procedures with competent authorities at all levels to invest in expanded industrial zones: Nam Tan Uyen phase 2, Rach Bap. At the same time, submitting to the competent authority a proposal to assign the Group to be the investor of industrial zones on rubber land, which has been approved by the competent authority to the industrial zone planning, land use planning until 2020: North Dong Phu expands, Minh Hung 3, Cam My, Hiep Thanh, industrial zones in Long Thanh.

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